For SaleMIXED USE INVESTMENT

Flats 1-5, 97 Sunningdale , Grantham, NG31 9SB

Description

A block of 5 residential units laid out at first floor level constructed in 2008. The units comprise a mix of 1 and 2 bedroom apartments – 3 x 2 bedroom and 2 x 1, bedroom with each apartment having the right to park a single car within the Centre car park, which provides 21 spaces.

The ground floor retail units comprise a Costcutter convenience store, a fish and chip shop and an Indian takeaway.  The five flats have a net internal area of 267.92 sq m (2,884 sq ft). The 5 units have EPC ratings ranging from D61 to D66.

location

The property is situated in a popular residential area known as Sunningdale, over a small retail parade anchored by a Costcutter Convenience Store. Other retailers include a fish and chip shop and hairdressers.

Grantham is a historic market town with a population of circa 38,000. It is ideally situated for access to the A1 trunk road, providing easy access to Nottingham and Peterborough and has regular train services to London King’s Cross, via the East Coast main line.

Price

£395,000 reflecting an initial yield on the ERV of the flats of 6.34% net of purchaser’s standard acquisition costs.

VIEWING

To view the premises and for any additional information please contact the sole agents.

legal costs

Each party is to be responsible for their own legal costs incurred in documenting the transaction.